IOT/Telematics

Insurers are driven to prove that they are at the forefront of working with the hottest technologies in the world.

The latest round of technology startups taking aim at the insurance industry is well-capitalized and ready to go.

Over the next five years, the industries forecast to have the fastest IoT spending growth will be insurance, healthcare and consumer goods.

Five initiatives related to the IoT were submitted. Three were focused on wellbeing, one on the connected home and one on drones.

The Americas dominate the global market for IoT devices, accounting for 49% of the overall market share.

Insurers have made big steps in integrating the Internet of Things and smart devices into the business. Here are some of the most interesting initiatives of the year.

Although the potential opportunities and threats are vast and varied, a number of important themes emerge.

Insurance is changing: it will be lean and 'just in time,' driven by the Internet of Things, digitally delivered and serviced.

Insurers did most of the legwork on telematics, but must identify more value than just premium discounts.

Industries such as technology, insurance, government, health, or energy will quickly become more connected to each other and the people of the world will collaborate in smart communities to capitalize on innovations.